I am forcibly reminded now of Swiss watchmakers. There was a time when mechanical watches were state-of-the-art, and so the ability to craft a timepiece with gears and jewels that kept time to within seconds per month was not only art, but useful. Even if you pay $10k for a such a watch today, it's unlikely to be as accurate as a $10 quartz digital.
In 20 years -- perhaps 30? -- there will still be a market for the exquisitely engineered ICEs made by Mercedes and Land Rover, just as there is a market for the mechanical watches made today by Rolex and Phillippe Patek. But it will be a specialty market, not mainstream.
In 20 years -- perhaps 30? -- there will still be a market for the exquisitely engineered ICEs made by Mercedes and Land Rover, just as there is a market for the mechanical watches made today by Rolex and Phillippe Patek. But it will be a specialty market, not mainstream.